Bipartisan U.S. senators have called on the main pension fund for federal government employees to reverse a decision that would open billions in investments to fund Chinese companies that they say support China’s military, espionage, and human rights abuses.
Sens. Marco Rubio (R-Fla.) and Jeanne Shaheen (D-N.H), in an Aug. 26 letter to the chairman of the Federal Retirement Thrift Investment Board (FRTIB), Michael Kennedy, criticized the agency’s November 2017 decision to shift the investment strategy for one of its portfolios to mirror an index that includes controversial Chinese companies.
